Author: Press Room

U.S. President Donald Trump said steel and aluminum tariffs on Canada will go up to 50 per cent, in response to Ontario’s decision to impose a 25 per cent tariff on electricity imports to the U.S. “Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th,” Trump posted on…

NRL chairman Peter V’Landys wasted no time in bringing negotiations back to the top of Mr Cook’s in-tray.

PETALING JAYA: Malaysian radio channel Era FM’s operator escaped licence suspension but was fined RM250,000 (US$56,657) on Tuesday (Mar 11) for a video clip in which three of its hosts were seen mocking a Hindu ritual. The Malaysian Communications and Multimedia Commission (MCMC) made its decision after reviewing Maestra Broadcast Sdn Bhd’s appeal against a suspension notice issued on Mar 7.  “After reviewing the company’s appeal and considering several factors, including corrective actions taken by the licence holder and a formal apology from the parties involved, the commission opted against suspending the licence,” the MCMC said in a statement. A…

Russian officials said Ukraine attacked Moscow before dawn on Tuesday with its largest long-range drone bombardment of the war, as both sides stepped up attacks ahead of talks intended to find a way to end three years of fighting.The Russian Ministry of Defense claimed to have shot down at least 91 drones in the region around Moscow and more than 240 drones directed at other targets across the country. The Ukrainian military did not have any immediate comment on the strikes.Moscow’s mayor, Sergei Sobyanin, said the attack was the largest against the city since the start of the war. At…

Follow live updates on the Trump administration and global markets.Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on.At the close of trading, the electric-car maker’s shares were down more than 15 percent for the day, and more than 50 percent from a mid-December peak. The day’s loss was the biggest for Tesla stock since 2020 and far outstripped the 2.7 percent drop on Monday in the S&P 500.The steep rise…

Katie Porter, the former Democratic congresswoman who rose to prominence by wielding a whiteboard while she grilled corporate executives on Capitol Hill, announced on Tuesday that she would enter the 2026 contest for California governor.Ms. Porter, 51, is the highest-profile Democrat to join the race. But a huge unknown remains: whether former Vice President Kamala Harris will jump in.Gov. Gavin Newsom cannot run for re-election because state law limits governors to two terms. Most of the Democrats who have entered the open race so far are current or former state officials who have experience in the statehouse but are little…

Descrease article font size Increase article font size An Ontario superior court has struck down social media giants’ motion to dismiss a lawsuit brought forward by several school boards that alleges their platforms disrupt student learning and the education system. Schools for Social Media Change said on Tuesday that Ontario Superior Court Justice Janet Leiper released her decision on Friday in the case of School Boards v Meta et al., dismissing the defendants’ motion to toss the case out.The lawsuit was initially launched in March 2024 by four of Ontario’s largest school boards against social media tech giants Meta, Snapchat and TikTok. Since…

Separatist militants say they have taken hostages during an attack on a train carrying hundreds of people in southwestern Pakistan and threatened to kill them if their demands are not met.Officials from the provincial government and railways did not immediately confirm whether hostages had been taken.The train, which had been carrying about 400 passengers, was trapped inside a tunnel after the attack, in which it came under fire and the driver was wounded, police and railway officials said.Security forces said an explosion had been heard around the tunnel and that they were exchanging fire with the militants in a mountainous…

As Cardano struggles to retain momentum, Rexas Finance (RXS), a new Ethereum-based altcoin, is gaining traction. With its breakthrough tokenization technology and real-world asset (RWA) tokenization market potential, Rexas Finance will outperform Cardano and earn a huge market share in a relatively untapped sector in 2025.What is Rexas Finance, and why is it called the next Ethereum?Working on the Ethereum blockchain, Rexas Finance (RXS) uses Ethereum’s strong smart contract features. It presents the tokenization of real-world assets, fractionalizing liquid assets such as real estate, commodities, and private equity on the blockchain. This capacity simplifies trading and provides a wider spectrum…

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.A sell-off in global stocks eased on Tuesday in the wake of steep falls on Wall Street fuelled by investor concerns over the health of the US economy.Futures contracts tracking the S&P 500 and Nasdaq 100 were both flat ahead of the US open.In Europe, the Stoxx Europe 600 was down 0.7 per cent, while Germany’s Dax added 0.2 per cent.The Nasdaq Composite fell 4 per cent on Monday — its worst day in two-and-a-half years — while the S&P 500 index tumbled…